Dynasty Fine Wines Group, a French and Chinese wine-making collaboration, is to float on the Hong Kong Stock Exchange this week.

Dynasty Fine Wines Group was established in 1980 as joint venture between Remy Cointreau, the French drinks business and a local Chinese company.

Remy originally invested E3m (£2m) in the company and when it floats it will have an estimated market value of $300m (£161m), giving Remy a quarter of the equity, according to a report in today’s Times.

Almost half of the shares will be held by its partner, the Hong Kong-listed Tianjin Development. The rest of the shares are being sold to investing institutions and the Chinese public.

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